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Comments (97)
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67
justmenowandlater 67 points ago +67 / -0

I'd love to see this in action. Good Lord, I have been fighting with the IRS for THREE years because they applied payments I made for business to my personal account. I have literally been telling them for THREE years that this is the case and they continue to send me a check for the "overage" every year and try to fine me out the ass for not fulfilling my payment schedule for the business.

THREE YEARS and they couldn't call up the personal department and swap over the money to fix this issue, but now they have time to monitor everyone's bank accounts?

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Honklerdactyl 40 points ago +40 / -0

I do find it ironic the founding fathers would have gone to war for less. We're taxed out as the ass today. They'd fucking flip.

4
JesusisKing 4 points ago +5 / -1

They didn’t have unlimited whores, free porn, fancy pants and IPhone lolipops tho

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banananuts4 4 points ago +4 / -0

Ya basically explained the inaction of all our so called men. They’re basically allowing addictions to kill all morale, testosterone, willpower, critical thinking, and strength in one swoop

2
Rocks_vs_Uzis 2 points ago +2 / -0

The bears are all getting it.

2
JesusisKing 2 points ago +2 / -0

And we’re crushing!

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BidensFlaredNostrils 17 points ago +17 / -0

The IRS loves excuses to expand it's employee base.

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wow_a_conservative 15 points ago +15 / -0

You are misunderstanding the point of this order.

They won't monitor for fraud prevention.

When you do something they don't like your account will get audited and exposed for whatever irregularities they can find to fine/convict you for.

Even perfectly legal transactions will get "investigated" and you will have to prove your innocence or face fines and/or jail time.

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WowStrongWinning 5 points ago +5 / -0

Better buy you guns in cash now.

14
Cutter 14 points ago +14 / -0

Banks have become agents of the government. Presumably under the guise of "assessing my continuing creditworthiness", as I have a credit card issued by my primary bank, I am constantly asked to "update my income information" as well as provide other information that is frankly NONE of their business.

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Inquisitor_Corvus 6 points ago +6 / -0

I think you have that backwards, friend. Banks control the world.

2
Cutter 2 points ago +2 / -0

It follows the commutative property of mathematics; same results regardless of the order of the operators

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Dictator_Bob 11 points ago +11 / -0

They have contractors selling them machine learning now.

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RabbleRabbleRabble 39 points ago +39 / -0

This is why crypto is bad. Because they cannot take take your money from you.

15
Jack_NC 15 points ago +16 / -1

sure they can. You "disappear" and are "processed" at a foreign prison. Or they put a gun to your child's head. Or technically, with blockchain, they fire up a few hundred million new nodes and the 51% out-vote the 49% on what the "truth" is in the ledger, so they can change ownership or reverse prior transactions.

The only thing uncertain here is whether they take 10% for the big guy.

Oh, and no word yet on whether they will "monitor" Hunter Biden's account(s).

3
kernel 3 points ago +4 / -1

With pow blockchain even owning 51% of nodes won't give you much good, even owning 51%+ of PoW will only allow you double spend.

33
Brickapede2 33 points ago +33 / -0

4th Amendment is already on life support. IRS already gets notified when a 10k transaction occurs. Apparently the government’s interests outweigh the fourth in such cases. Never seen where that test is laid out in the Constitution. Must be next to the part that says 2A can be infringed with full-auto bans and all the other bullshit.

8
Ballind 8 points ago +8 / -0

10k was always a rule of thumb, up to the discretion of whoever filled out the form

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Brickapede2 10 points ago +10 / -0

Rule of thumb? May want to look at 26 USC 6050I and 31 USC 5331.

5
Ballind 5 points ago +5 / -0

Meaning they can fill them out under it.

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Brickapede2 2 points ago +2 / -0

Ah. Thought you meant it was optional all around.

2
Ballind 2 points ago +2 / -0

Yeah I wasn't clear

1
Brickapede2 1 point ago +1 / -0

No worries fren.

29
GenericInsult 29 points ago +29 / -0

What is the end game here? I hate to sound ignorant, but why is this happening? What's the Democrat goal?

51
Tx50bmg 51 points ago +51 / -0

It's to monitor what you're buying and ultimately control you. Look at what Obama tried to do with Operation Chokepoint:

https://thehill.com/opinion/civil-rights/392138-democrats-seek-to-restrict-gun-rights-by-targeting-financial

Now apply that to ALL of your purchases that are over $600.

65
POTUS_DonnieJ [S] 65 points ago +65 / -0

Its not all purchases over $600. Its worse. Its all transactions in and out of accounts with a balance of more than $600.

21
Tx50bmg 21 points ago +21 / -0

You're right :(

17
Beardedboom 17 points ago +17 / -0

Whoa. Didnt catch that part

21
Harsh_Truth2 21 points ago +21 / -0

Thank goodness in a Biden economy I never have more than $600 free floating in the account after bills etc....

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N0P3d0 9 points ago +9 / -0

I'm poor too. We need a massive anti-IRS campaign.

2
JesusisKing 2 points ago +2 / -0

Holy fucking shit

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POTUS_DonnieJ [S] 30 points ago +30 / -0

We can’t let the American people buy guns or ammo or life saving ivermectin, can we? We have to know who is buying what, for their own good.

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wethedownvoted 24 points ago +24 / -0

The current narrative holds that socialism is public ownership of the means of production.

This is a lie

Communism is public ownership. Socialism is central control of economic activity.

The fatal flaw of socialism is imperfect information -- it's impossible to know what the market is doing at all times in all places. This leads to errors in resource allocation.

By monitoring all transactions of significance, they are attempting to solve the problem of imperfect information.

They trying to centralize control of the economy. They already have control of a large part of it via their massive procurement budget -- we just saw them flex that power by requiring all companies that do business with the government to vaxx their entire workforce.

So yeah, it's just socialists doing socialism.

12
wethedownvoted 12 points ago +12 / -0

furthermore, once they know where all money is going, they'll be able to use their party-controlled businesses to capture innovation and trends so as to avoid getting "myspaced".

it will enable insider trading on a scale sufficient to enrich all party members

if you're not a party member prepare to become a peasant, because there's only two classes in Marxism: nobles and peasants

17
forth2win 17 points ago +17 / -0

Communism, just like China monitors and controls its people.

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deleted 16 points ago +16 / -0
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impera 20 points ago +20 / -0

A confession that the pentagon cant account for a trillion dollars? Ask the IRS!

A fraudulent investment firm shrugging and telling stakeholders that they lose their cash and they dont know where the money has gone? Ask the IRS!

How is antifa and other domestic terrorist groups getting financed, and by whom? Ask the IRS!

If the IRS were truly stomping on organised crime, their staff would get threatened, maimed and killed. Or their families would. Do we think this is going to happen?

19
Lol_Garrus 19 points ago +19 / -0

Now we know why the IRS was hiring tens of thousands of people

5
Jack_NC 5 points ago +5 / -0

according to my local news last week, the purpose of all those new agents is to "help process tax returns and get those refunds out faster."

2
ApesInControl 2 points ago +2 / -0

Lmao

13
YOLOSwag_McFartnut 13 points ago +13 / -0

Time to split my paycheck across multiple accounts at multiple credit unions.

12
NeverNotTrump 12 points ago +12 / -0

It's any account with a balance of more than $600. Time to start keeping your paycheck under the mattress.

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Liberty4All 11 points ago +11 / -0

According to this article: https://www.americanbanker.com/news/banks-escalate-fight-over-irs-reporting-in-biden-budget-plan it's even worse than that:

It could result in banks having to report transaction data for any account with at least $600 of inflows or outflows annually.

$600 in total transactions annually. That covers basically every account except little kids' personal savings accounts.

2
ApesInControl 2 points ago +2 / -0

So everyone then

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Liberty4All 10 points ago +10 / -0

Many large employers push very hard for you to get your pay by direct deposit. Most government employers essentially insist on direct deposit.

If you do manage to get a paper paycheck, often the only way to cash it is to pay huge fees at fast cash places. Banks won't cash checks at all if you don't have an account, and even if you have an account they may have a limit on the size of the check they will cash. Stores rarely cash checks any more, and when they do they typically have a low limit.

Plus keeping cash under the mattress in an era of high inflation is effectively throwing your money away.

The whole system is set up to try to coerce people to have bank accounts.

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NeverNotTrump 4 points ago +4 / -0

I'm amazed that ATMs don't track who gets which bills... They could do it...

6
Ballind 6 points ago +6 / -0

Or keep it in a commodity like rifles and ammo

5
FrontTowardLeft 5 points ago +5 / -0

Bullets and bullion.

3
Treefreak1776 3 points ago +3 / -0

Good luck trying to buy food with your bullion

4
JerryNadlerBeltFund 4 points ago +4 / -0

Maybe he meant bouillon cubes, to make a delicious broth?

2
Abovethefray 2 points ago +2 / -0

Add some rib bones and you got a stew, baby!

10
DeadOverRed 10 points ago +10 / -0

At this point, I'll take whatever will get this party started.

8
RED_WAVE 8 points ago +8 / -0

At this point is anyone still under the illusion that the government hasn't been monitoring all of these transactions for years?

They're just finally admitting some of what they have already been doing to normies.

8
Kekintosh2020 8 points ago +8 / -0

So I should buy a $10,300 Barretts with 20 dollar bills?

7
swift_water 7 points ago +7 / -0

Time to start burying cash in the back yard I guess haha

14
molonlabe9 14 points ago +14 / -0

You misspelled 'IRS agents'.

3
swift_water 3 points ago +3 / -0

Name checks out.

7
IM_A_TRIVIAL_PURSUIT 7 points ago +7 / -0

EXCEPT THOSE FROM ILLEGAL IMMIGRANTS SENDING UNTAXED BLACK ECONOMY CASH TO MEXICO.

7
Hades440 7 points ago +7 / -0

Even if a court blocks this, expect private companies to start announcing that they will take it upon themselves to report this info to the government.

4
FireannDireach 4 points ago +4 / -0

If they're not already. Things like Apple Pay could very easily track their users, and they could bury the permissions to share the data in the TOS and EULA.

(I laughed at Apple when they offered me a "low" interest rate of 19%, with my excellent credit and income, for their Apple Card. Fuck you, Tim. (It's also issued by Goldman Sachs, fuck that noise.))

Your CC companies may already share your spending data, not only to the Fed, but to the highest bidder. I'm told by friends who work in banking, the Patriot Act and other Federal laws surrounding "terrorism" have given the Feds a lot of tools to look into your finances. I see this new bullshit as just tightening the noose, not introducing a new one.

And, it's probably part of the steps towards an official digital currency, which will be tracked.

We live in a surveillance state. Expect a lot more like this. The sky is the limit with Obama's team running things.

7
GentleSlayer 7 points ago +7 / -0

Time to be unbanked

3
Jack_NC 3 points ago +3 / -0

time to be ungoverned.

6
Dialectic 6 points ago +6 / -0

Not without a warrant hellooooooo??????

6
ChrztyAnn 6 points ago +6 / -0

they'll be watching my account closely then!!! Don't care either!

6
BigFreedomBoner 6 points ago +6 / -0

So crytpos will probably get another boost. At some point, it will be possible to function totally outside their control.

7
Inquisitor_Corvus 7 points ago +7 / -0

Believe it or not, that’s what they want to happen. Then we move to a cash free society and your access to your cryptocurrency goes bye bye.

2
JesusisKing 2 points ago +2 / -0

Lmao who funded their r&d? Crypto is covid level

1
BigFreedomBoner 1 point ago +1 / -0

Tell me about the alphabets' trading platforms. Do you know how those work?

5
Counterforce1 5 points ago +5 / -0

There it is - VAXX PASS = CRYPTO ENABLED SOCIAL JUSTICE SCORE

4
CALI_MAGA_MAMA 4 points ago +4 / -0

Run on the banks, anyone?

4
WowStrongWinning 4 points ago +4 / -0

Well this certainly sounds like a 4th amendment violation of illegal search without any probable cause.

With the way inflation is going, it won’t before long that you’ll need $600 to buy a loaf of bread.

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deleted 4 points ago +4 / -0
3
Braujager 3 points ago +3 / -0

Well, shit, that might be every gas-station fill-up before too long…

3
ak83 3 points ago +3 / -0

Monitor this dick, bitch

3
monkeycat2010 3 points ago +3 / -0

Time to take my money out. Can you say run on the bank. Money orders work just fine.

3
deleted 3 points ago +3 / -0
3
Eu-is-socialist 3 points ago +3 / -0

Well yeah ... But be afraid of the cbdc.

3
IroWide 3 points ago +3 / -0

Well it's pretty obvious that if you can keep more than $600 in this hyper-consumerism world where you are supposed to become enslaved by buying things you can't afford, you're a threat to the system.

3
djpat 3 points ago +3 / -0

WTF. That's a full tank now if you own a pickup...

2
Ed_Ward 2 points ago +3 / -1

Simple, just make hundreds of thousands of accounts each with no more than $599.

5
Jack_NC 5 points ago +5 / -0

now you're "Structuring" for the purpose of avoiding financial reporting rules, which is a felony.

don't think these bastards haven't thought of everything.

2
Londonrain 2 points ago +2 / -0

Bullshit they are only going to do this to us. Don’t think for a min they are watching gates or zuckerbergs accounts. They allow them to hide money in overseas accounts and pay zero taxes.

Rules for thee to the max

2
JesusisKing 2 points ago +2 / -0

The most important headline of the year

2
Big-E 2 points ago +2 / -0

4th amendment?!?

2
Grady_Wilson 2 points ago +2 / -0

Looks like I will be withdrawing around $1k and then depositing it back into one of my accounts every week.

2
mainsoda 2 points ago +2 / -0

I say we all refuse to pay anything. I say we do it all together and let them look at that.

1
Rocks_vs_Uzis 1 point ago +1 / -0

Lol then we'll just use shadow banks like they do in communist China.

1
Cindy_Lou_62 1 point ago +1 / -0

This means my new account # will have to be AR_15.

1
Argent 1 point ago +1 / -0

Welp looks like I’m buying crypto in increments of 599

3
PatrickHangry 3 points ago +3 / -0

Unfortunately, you misread it.

It's not every transaction over $600.

It's every transaction conducted with any account, where the account is worth over $600 in total.

1
renata_h 1 point ago +1 / -0

Your utility bills amount for more than that. What are you guys talking about? You have to have an account in order to pay shit. Are you all homeless?